stock market
The counting of votes for the assembly elections in Maharashtra will take place on November 23. Voting for 288 assembly seats in the state was held on November 20. Maharashtra plays an important role in the country’s GDP and the political movements taking place in the state impact both the economy and the national stock market. A Mahayuti coalition government appears to be forming in Maharashtra. In such a situation, its effect can be seen in the stock market on Monday i.e. November 25. Experts have suggested betting on these stocks. Let us know which segment and which stocks may see a surge on Monday i.e. November 25.
Impact of Maharashtra Elections on Stock Market
After the recent Lok Sabha elections, there was a stir in the domestic stock market. However, investors avoided the market and invested in FMGC and pharmaceutical stocks. Experts believe that this trend may change after the results of the Maharashtra Assembly elections and investors will be able to invest in stocks from railway, infrastructure and banking sectors.
A Mahayuti government will almost certainly be formed in the state. In such a situation, investors are hopeful that with the presence of the BJP in the central and state governments, work can be done in the railway, banking and infrastructure sectors. Since the Government of India and the State Government of Maharashtra have paid special attention to the infrastructure segment and companies in the infrastructure sector will take credit lines from banks, therefore, when the market opens on Monday, it will be You will be able to see an increase in the banking stocks, as well as infrastructure and railroad stocks.
We may see an increase in these stocks.
According to experts, among railway stocks, RVNL, IRFC, Railtel and IRCON International could see their shares rise on Monday. At the same time, you can bet on Larsen & Turbo for medium and long-term investments in the infrastructure sector. Apart from this, movement can be seen in the stocks of government banks like SBI, Canara and Jammu and Kashmir Bank. At the same time, a rise can be seen in shares of private sector banks like ICICI Bank and HDFC Bank.
Disclaimer Any advice or opinions given on TV9 Bharatvarsha are the personal opinions of the experts. Before investing, you should consult with your financial advisor.
